Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

Multiple choice economic development & planning concept of development economics

State whether the following statements are True or False:
The year 1911 is known as the "year of great divide."

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The year 1921 is called a Great Divide in the demographic history of India because it is the only census year when there was decline{decrease} in growth of population. After 1921, there has been a trend of continuous rise in population.

Multiple choice economic development & planning concept of development economics

Fill in the blanks from the alternatives given.
India is in the ___ stage of demographic transition.

  1. third

  2. first

  3. second

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Demographic Transition is a model which is used to represent the movement of high birth and death rates to low birth and death rates. This transition takes place when a country develops from a pre-industrial to an industrialized economic system. India is in this second stage of demographic transition.

Thus, the correct answer is C.

Multiple choice economic development & planning concept of development economics

Transport system creates ____________ utility.

  1. Place

  2. Form

  3. Time

  4. Total
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Transportation assists in transferring of goods and persons from place to place. Thus, it creates a utility of place. This has considerably contributed to the development of the economy and also led to social, political and cultural unification. In this way, the transport sector has contributed significantly to India's GDP, employment and also FDI inflows.

Thus, the correct answer is A.

Multiple choice economic development & planning concept of development economics

State whether the following statements are True or False.
U.S.A. has adopted centrally planned economic system.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The United States of America is a union of fifty states in North America. It is the world's third-largest economy. It is a mixed economy. That means it operates as a free market economy in consumer goods and business services.

Multiple choice economic development & planning concept of development economics

India was ranked at which position in the Global Competitiveness Report (GCR) $2016-2017$?

  1. $10$
  2. $39$
  3. $55$
  4. $69$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India was ranked at 39th position in the Global Competitiveness Report (GCR) 2016-2017. Global Competitiveness Report is published by the World Economic Forum once a year. It helps to analyze the sustainable current and medium level possibility of economic growth and development.

Multiple choice economic development & planning concept of development economics

In the World Banks Ease of doing Business Ranking 2015 India is placed at the  ________________.

  1. 154 place out of the total 184 economies

  2. 142 place out of the total 189 economies

  3. 148 place out of the total 190 economies

  4. 146 place out of the total 188 economies
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In the World Banks Ease of doing Business Ranking 2015 India is placed at the 142 place out of the total 189 economies.A high ease of doing business can be defined as a situation where ranking the regulatory environment is more conducive to the starting and operation of a local firm.

Multiple choice economic development & planning concept of development economics

NSSO stand for ________.

  1. None of the below

  2. National Standard Statistics Organization

  3. National Saving Scheme Organization

  4. National Sample Survey Organization
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NSSO stands for National Sample Survey Organization. It helps to conduct socio-economic surveys. This organization is under the Ministry of statistics of the government of India. It was established in the year of 1950.

Multiple choice economic development & planning concept of development economics

Indian Economy may be viewed as _____________.

  1. undeveloped Economy

  2. developing Economy

  3. developed Economy

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India is termed as a Developing Economy because of its initiative for determined planned economic development. India aims to achieve a greater economic growth and development.

Multiple choice economic development & planning concept of development economics

Mark the correct statement.

  1. India is a purely Capitallist Economy

  2. India is a Stagnant Economy

  3. India is a Developing Economy

  4. India is a resources poor-economy
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

India is a Developing Economy- this is the correct statement. India is termed as a Developing Economy because of its initiative for determined planned economic development. India aims to achieve a greater economic growth and development.

Multiple choice economic development & planning concept of development economics

India is termed as a Developing Economy because of its ________________.

  1. initiative for determined planned economic development

  2. rapid population growth

  3. predominant agrarian set-up

  4. slow Industrial progress
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India is termed as a Developing Economy because of its initiative for determined planned economic development.India aims to achieve a greater economic growth and development.